Announced Tue, 25 Aug, 2026 · 15:31 IST
5 directors including MD resign from Advance Multitech effective 1 Sept 2026
CEO resignedKey managerial personnel resignedDirector resignedManagement Changes View source PDFExplain this filing
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Advance Multitech announced resignation of 5 directors effective 1 September 2026, including Managing Director Mr. Arvind Vishwanath Goenka. Also resigning are Independent Directors Mr. Hiral Shah and Mr. Ravindrakumar Mehta, and Additional Directors Mr. Govind Shah and Mrs. Minaxi Shah. All cited mutual exit and other projects. MD holds about 22.65 lakh equity shares.
Likely market impact
Mass board exit including MD is a major governance red flag; may pressure stock until replacements are announced.